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stability. number three, we have a long-term opportunity around energy. america can become an energy exporter. how do we do that in a way that deals with some of the environmental challenges that we have at the same time? that's going to be a third thing. but the most immediate thing i've got to do, starting on january 1st, if congress doesn't act before the end of the year is make sure that taxes are not going up on middle class families. because it is going to be very hard for the economy to sustain its growth trends if suddenly we have a huge fight taken out of the average american's paycheck. >> new gun regulations. mayor bloomberg of new york told me a couple weeks ago on this program that ought to be your number one agenda item. you know how hard this is. do you have the stomach for the political fight for new gun control laws? >> you know, david, i think anybody who was up in newtown who talked to the parents, who talked to the families, understands that something fundamental in america has to change. and all of us have to do some soul serving, including me as president, that
destination but more money is spent in the u.s. and central america is now a star performer. first, we want to get the latest news. looking for confidence out of germany's ifo survey. if we can put it up on the screen, that would be a help as i'm working to get it up at the moment. as soon as we get the numbers on that front, i will bring them to you. looks like we're still waiting on that. in the meantime, send in your thoughts, questions and comments about the program to worldwide@cnbc.com. and the biggest news of the morning, we have a deal. after 14 hours of talkes and months of negotiations, an agreement has been reached on a pan european banking supervisor. european finance ministers say they've drawn up plans to allow the ecb to directly supervisor the three largest banks in each country except for the uk and sweden which have both opted out. european leaders need to give their seal of approval and silvia wadhwa is in brussels with the latest. sylvia, it sounds like the meeting went into the late hours of the night. it sounds like the uk and sweden got their way. how significant is t
didn't have enough in our operations, that we didn't have enough in asia and latin america, africa and the middle east and europe. some some of our clients have got 40%, 45%, 50% and they benefit as a result. the other part of it is i wish we had not just one-third of our operations in digital here on cnbc and that we had, let's say, 40%, 45% there, too. the pattern you'll see in 2013 is meets ya, application to our business and we specifically are going to get people to work more and more together in order to deliver more effective and efficient advertising and communications for our clients. >> if you have any regrets, share them with us here. >> never have regrets. >> learn from it. yeah. >> louisa will help you learn from it. e-mail your regrets into the show. we'll examine just where oil prices might be headed in 2013. >>> president obama calls congressional leaders to the white house today. >>> a lackluster trading week of the yurp, ewe european equity markets are scheduled to post double digit results for 2012. >> italy is expected to see solid demand when it sells up to 6 b
in on their domestic economy, you were saying latin america and russia could be the stars in the out-- and the outperformers in 2013 s. that correct? >> absolutely. okay, there's two things. i think demand, you know, even though they say china's softening, i think actually their demand for resources is continuing to stay stable because as they reshift gears into becoming a domestic economy, they still need inputs. china is not a very natural resource-rich country. they continue to need to import natural resources from both russia and latin america. japan, by the way, is a huge story for 2013. i think japan is going to control their currency issues and really going to start pushing up export. so they're going to be pulling in natural resources from russia, as well. i think both russia as well as latin america are going to be huge performers. of course, government reform plays a big role in that. but i think that's also looking good. >> thank you, ron. so great to get your insight this morning. that's ron shaw with gina ventures. >> thank you. >>> all right. coming up on the show, want
this limited edition hoveround america travel mug free with your hoveround delivery. [singing] hoveround takes me where i wanna go. call or log on to hoveround.com to find out where a hoveround can take you! >>> this is "worldwide exchange." i'm ross westgate. a one meter high tsunami hits the ming a sgi pre miyagi prefecture as a 7.3 earthquake strikes. job growth in the u.s. is expected to have slowed significantly in november. and bundesbank sharply lowers germany growth outlook for next year, down to a mere 0.4%. very good morning to you. slim gains yesterday for u.s. markets. right now we're called marginally higher. pretty flat opening actually. dow seven points below fair value. the nasdaq mini currently some four points below fair value and the s&p 500 also about 1.4 points below fair value, as well. so a cautious start. ftse yesterday up nine. right now flat. xetra dax currently just down four points, but it's at levels we haven't seen since january 15, 2008. and up nearly 28% this year. cac 40 up four point, ibex down half of 1%. despite sharply lower growth forecasts from both the e
's right. i think we are seeing supplies go up. north america, united states, canada, mexico, they've seen significant growth in oil supplies. this year one of the few areas, next year, for a few years to come. is it something that it creates supplies to flood the world's market? no. it's going to create supplies that the world market needs. if you think about the low level of automotive transportation, penetration and emerging markets, again, this longer term story, you'll add more oil coming out of the u.s. you get more demand coming. we're going to need every barrel. >> reporter: where is the price going in 2013? >> i think we'll be higher for brent, quite a bit higher for wti. and that's because we're going to see the narrowing of that brent/wti spread as the seaway pipeline comes on line. and those barrels start flowing at a cushion to the gulf. >> reporter: one last question. the fiscal cliff, we talk about it, historical, dollar down, commodities up. i see less bang for the buck on commodities, the more q.e. into the system. i'm not sure it's working. >> i think if we get more q.e.,
investment in the americas and in europe will sep accelerate. >> well, i wonder, too, if it's not a move reflecting concern about the health of chinese companies. we've seen what happens with the shanghai xos xwrit. if you're a chinese firm, why not try to put some of your commodities abroad? >> i think you make a point with the shanghai composite. we were discussing earlier on how i think actually you're going to see a trend improvement in 2013 in chinese equity markets and i think they are today one of the cheapest equity markets in the world and there is a whole number of reasons why you should increase your chinese asset now. >> okay. japanese brewery sontori are reportedly looking to add bourbon whiskey to their tab. they were looking at making an offer for the u.s. listed group beam. a little early in the morning to be looking at maker's mark. but japanese companies have been on an m&a spree for the year. nozomu kitadai has more. >> overseas m&a deals by local companies have reached the highest level in more than two decades. according to preliminary figures by m&a advisory firm re
. america reelected barack obama to get the economy moving. history will judge him as a good president or not if he's able to get the economy moving. but i want to point one thing out tos a i've said before, this is the new barack obama 2.0. he's taking his he is message to the american people. he will not sit around and let the republicans litigate and relitigate things or let the chattering class of washington determine his destiny. he'll rally support and put the pressure on all of congress, not just the republicans, but democrats, as well. >> is that the freedom that a second term president gets, right? >> well, it's the freedom when you try to work with the republicans and frankly some of the democrats, as well. you can't blame all the republicans. some of the democrats didn't want to move on the entitlement issues and they'll have to move. so this is obama 2.0. a much more engaged, a much more activist president. you series bringing a business community in, community leaders, small business, not for profit. he'll be much more engaged in this second term. >> morris, on this issue,
on hits to latin america. and adp to paris is lowering its growth target for 2015 as lower traffic .lower economic projections since the summer are now affecting its prospects, down 6%. so, again, whether it's a fiscal cliff or generally speaking with, the message this morning is fairly weak. take a look at the bond space note. moving into gilts, moving out of italy and spain, but as we've been saying, 4.5% or under that and about 5.3% for spain aren't bad considering. t thor row/dollar is weaker. most of the risk currencies are moving lower. euro/dollar down by .3%. sterling is weaker against the dollar. we're seeing the dollar generally up. the dollar/yen here up .4% for the yen. so we've seen some significant weakening as the bank of japan trying to combat deflation. but today, a pause in that move. joining us now with plenty more on the asian trade, diedra. >> it's not the end of the world, but it is pretty ugly out here in asia. markets were headed towards some gains today and then all of a sudden we did get that fiscal cliff set back. the nikkei 225 dropping a percent. you can see t
. and people have been saying right now that america needs to do what britain has been doing. and maybe there's a case for that. but nonetheless, if britain has a parliamentary system, we have a very different kind of political system. so america isn't going to rewrite itself just to adapt to this particular political situation. but look, something has changed in the politics of america. right now, george h.w. bush is very ill. he may pass on in the next couple of weeks or so. when he does, that will be the passing of the last truly national president. look at how he was elected in 1998. he won traditionally democratic as well as republican states. he was a moderate guy, a war hero. he was respected by people across the aisle. that was the last time in history you'll see that. >> that it is, president obama got a lot of votes in 2008 by a lot of votes that were not just -- >> that is so. but clinton did quite well but only because ross perot was running. very complicated. in terms of it being a national figure, someone reaching across the aisle, you haven't seen that. one of the things that h
ahead today. we've had a few technical problems with getting our licks up to north america which is why we've had a number of guests stacking up, but i'm assured we're working on them. we will talk about the ski season, as well. before that, let's remind you what the headlines are today. fiscal cliff talks set to drag ons as budget proposal by republicans dismissed by the white house. banking union talks taking central stage in brussels. finance ministers trying to find a deal. and australia central bank has cut interest rates to its lowest level since the financial crisis. how? cdw and hp networking implemented a virtual application network that reduces the time to deploy cloud applications from months to minutes. with fewer bottlenecks like this. finally. charles! client golf. aim for the lake. really? can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. . >>> jpmorgan says mr. bieber is welcome to play ping-pong anytime. and
, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> it's that time of year. president obama is expected to appoint a new treasury secretary. and speculation is rife with who might land the job. the front-runner seems to be jacob or rather jack lew. he's the former white house chief of stan staff and budget director. others are pulling for gary gensler. as for a female candidate, one name being floated is laura d. tyson, former economic adviser to president clinton. and billionaire warren buffett recently called for jpmorgan's ce oo jamie dimon to take the post. in an interview earlier this week, dimon shot down that speculation. >> i'm not suited. i don't believe i'm suited to it. i don't believe a ceo from wall street can be confirmed. .it's not what i want to do. i love my company. we do a lot avenue great stuff. i think it's perfectly suited to that. jamie di
. regulators are set to issue heavy fines this week. reuters suggest that authorities in america, britain and possibly japan will fine the swiss bank in excess of $1 billion for its part in the fixing of the rate. carolin rejoins us with more on this story. >> hey there, ross. if you believe press reports from swiss daily over the weekend, that fine could be much more than just $1 billion. it was suggested it could be $1.5 billion swiss francs or $1.6 billion. that would be a massive fine if that's confirmed and it would be much, much higher than what analysts had anticipated. three times the amount that barclay's paid over the summer and remember that ubs cooperated quite closely with authorities over the last two years and received conditional immunity from some of the regulators. that's why analysts believed that the fine would be considerably lower than that which barclay's paid. it does suggest that ubs may be the worst offender. as pat of the deal, according to a couple of press reports, ross, this is quite interesting. it says that ubs will even admit to criminal wrongdoing in its
work not only in the arts, not only in america's ambassador to the world but also in the schools with camps, etcetera, etcetera. it has to survive. and without a tax deduction, the u.s. government is not supporting ailey or any arts in a meaningful way. why would that money come from? where would scholarship money to train the next again ragz of dancers and educators come from? >> i've been there since the mid 1990s. during a period when it seems as though individual giving has replaced government funds as a source of support for these kinds of groups? >> well, you're right. when i first came to ailey, it was in hand to mouth. it probably would not have continued that way. there's no way for an organization to thrive and succeed. hand to mouth. and most of the money came through government and also ailey is a popular company. so some of it comes just from income from box office and presenter fees. that said, an important part of what i began is to diversify our income where it was coming from. luckily, we did. again, ailey is fortunate in that its popularity, its excellence attra
for access to your favorite items. and right now, get this limited edition hoveround america travel mug free with your hoveround delivery. [singing] hoveround takes me where i wanna go. call or log on to hoveround.com to find out where a hoveround can take you! >>> stocks in the green in early trade. no change seen at the ecb. draghi expected to hold off on rates and bond purchases as he awaits spain's request for help. the central bank may cut it growth forecast, though. timothy geithner saying the white house is prepared to go over the fiscal cliff if republicans don't give in on higher taxes for the wealthy. a little bit of trade data out of the uk. i didn't have a forecast for this. adjusted global goods trade deficit 9.5 billion. september unrevised. forecast here forecast at 8.65, so that is a wide deficit than forecast. adjusted 4.5 billion. sterling not reacting huge amount. european stocks today are firmer. up 0.4% for the ftse. xetra dax continues its strong momentum, we are trading at 52 week highs and up now about 27% for the year. bond markets which is where we stand with yields
? >> this is a normal process. new destinations for lastin america, korean nations, they have been improving in the last year or so. so that doesn't mean that europe is not -- europe is still the destination destination worldwide. >> ohio does it work out on the global net? i'm wondering whether the pie getting bigger has meant the european number stays the same. >> europe is still increasing, but now we have to -- >> it's getting bigger. >> exactly. >> right. okay. so we're not losing out. >> it's just interesting that the euro not being weaker is the largest issue regarding tourism. it doesn't look like that's in the cards. >> a weak euro is very good for our overseas travelers. they're coming to europe and especially the usa and canada are troubled a lot. which is very, very good. >> where is the money coming from? >> the usa and canada, we will now have to focus in brazil and china, which are emerging economies. >> and, james, do you find it at all encouraging if there's a balancing away from the european sector in europe? is it something that needs to happen or is it still going to remain on positi
cliff in the united states mean that america stops running up debt, would that be a positive step towards resolving that problem, even though it could be a drag on growth in the u.s. economy? >> translator: do not regard myself as a highly educated economist. from where i am, i watch the debate and i see, for example, some economists such as the nobel laureate paul goodman believe this could be counterproductive because too many action of this type could damage one of the important factors of the u.s. economy. on the other hand, unless there is some limit to the growth of u.s. debt, particularly with respect to debt as related to gdp, this could serve in the end badly if there was no limit to it. after all, the u.s. economy still accounts for about one-third of the global economy. so this cannot continue because the burden of u.s. debt is beginning to be felt in other countries where there is a u.s. dollar, where u.s. dollar is used for various purposes. so the fiscal cliff -- well, what can i say is we certainly don't want to this to be a cliff, we want this to be a bridge, less
Search Results 0 to 16 of about 17

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